Ask Question
15 June, 22:59

What was the purpose of setting up the Federal Home Loan Bank Act?

+5
Answers (1)
  1. 16 June, 00:56
    0
    Federal Home Loan Bank Act of 1932 (" Act ") is a U. S. federal legislation passed under President Herbert Hoover to assist individuals by creating a system that provided low cost funds to banks to use in mortgage and loan creation.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “What was the purpose of setting up the Federal Home Loan Bank Act? ...” in 📙 History if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers